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Report Date : |
02.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
TRANSORGATEC TRADING GMBH |
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Registered Office : |
Südallee 75, D 40593 Düsseldorf |
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Country : |
Germany |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
14.10.1997 |
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Com. Reg. No.: |
HRB 35145 |
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Legal Form : |
Private limited company |
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Line of Business : |
·
Wholesale of other intermediate goods ·
Non-specialized wholesale of raw materials and
half-finished and finished goods |
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No. of Employees : |
3 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
No complaints |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March, 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
GERMANY - ECONOMIC OVERVIEW
The German economy - the fifth largest economy in the world in PPP terms and Europe's largest - is a leading exporter of machinery, vehicles, chemicals, and household equipment and benefits from a highly skilled labor force. Like its Western European neighbors, Germany faces significant demographic challenges to sustained long-term growth. Low fertility rates and declining net immigration are increasing pressure on the country's social welfare system and necessitate structural reforms. Reforms launched by the government of Chancellor Gerhard SCHROEDER (1998-2005), deemed necessary to address chronically high unemployment and low average growth, contributed to strong growth in 2006 and 2007 and falling unemployment. These advances, as well as a government subsidized, reduced working hour scheme, help explain the relatively modest increase in unemployment during the 2008-09 recession - the deepest since World War II - and its decrease to 6.5% in 2012. GDP contracted 5.1% in 2009 but grew by 4.2% in 2010, and 3.0% in 2011, before dipping to 0.7% in 2012 - a reflection of low investment spending due to crisis-induced uncertainty and the decreased demand for German exports from recession-stricken periphery countries. Stimulus and stabilization efforts initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela MERKEL's second term increased Germany's total budget deficit - including federal, state, and municipal - to 4.1% in 2010, but slower spending and higher tax revenues reduced the deficit to 0.8% in 2011. In 2012 Germany reached a budget surplus of 0.1%. A constitutional amendment approved in 2009 limits the federal government to structural deficits of no more than 0.35% of GDP per annum as of 2016 though the target was already reached in 2012. By 2014, the federal government wants to balance its budget. Following the March 2011 Fukushima nuclear disaster, Chancellor Angela Merkel announced in May 2011 that eight of the country's 17 nuclear reactors would be shut down immediately and the remaining plants would close by 2022. Germany hopes to replace nuclear power with renewable energy. Before the shutdown of the eight reactors, Germany relied on nuclear power for 23% of its electricity generating capacity and 46% of its base-load electricity production.
|
Source
: CIA |
TRANSORGATEC TRADING GMBH
Company Status: active
Südallee 75
D 40593 Düsseldorf
Telephone:0211/7183400
Telefax: 0211/7183430
Homepage:
www.textile-machinery.com
E-mail: ttecgmbh@aol.com
Trade name: T-TEC
VAT no.: DE812290971
Tax ID number: 106/5726/1942
LEGAL FORM Private
limited company
Date of
foundation: 1997
Shareholders'
agreement: 01.09.1997
Registered on: 14.10.1997
Commercial
Register: Local court 40227 Düsseldorf
under: HRB
35145
Share capital: EUR 51,129.19
Shareholder:
Oliver
Anderhub
Südallee 75
D 40593 Düsseldorf
born:
01.04.1962
Share: EUR 51,129.19
Manager:
Oliver
Anderhub
Südallee 75
D 40593
Düsseldorf
authorized to jointly represent the
company
born:
01.04.1962
Profession:
Businessman
Marital
status: married
01.09.1997 - 01.02.2000
TRANSORGATEC Trading GmbH
Benrather Schloßallee 111
D 40597 Düsseldorf
Private limited company
01.02.2000 - 2006
TRANSORGATEC Trading GmbH
Bockhackstr. 37
D
40593 Düsseldorf
Private limited company
Main industrial
sector
46760 Wholesale of other
intermediate goods
46901 Non-specialized wholesale
of raw materials and half-finished and finished goods
4719 Other retail sale in
non-specialized stores
82999 Other business support
service activities n. e. c.
Payment
experience: cash discount/within agreed
terms
Negative
information: We have no negative information
at hand.
Balance sheet year: 2011
Type of ownership: Tenant
Address Südallee 75
D 40593 Düsseldorf
Land register documents were not available.
COMMERZBANK, DÜSSELDORF
Sort. code: 30040000, Account no.: 8006488-00, BIC: COBADEDDXXX
DEUTSCHE BANK, DÜSSELDORF
Sort. code: 30070010, Account no.: 4946364-00, BIC: DEUTDEDDXXX
COMMERZBANK VORMALS DRESDNER BANK, DÜSSELDORF
Sort. code: 30080000, Account no.: 2141838-00, BIC: DRESDEFF300
Turnover: 2011 EUR 980,000.00
2012 EUR 1,210,000.00
Profit: 2011 EUR 131,913.00
further
business figures:
Equipment: *EUR 20,000.00
Ac/ts
receivable:
EUR 82,083.00
Liabilities: EUR 1,149,081.00
Total numbers of vehicles: 3
Employees: 3
- thereof permanent staff: 3
The business figures marked with an asterisk are estimates based
on average values in the line of
business.
Balance sheet ratios 01.01.2011 - 31.12.2011
Equity ratio [%]: 17.60
Liquidity ratio: 10.00
Return on total capital [%]:
8.53
Balance sheet ratios 01.01.2010 - 31.12.2010
Equity ratio [%]: 33.75
Liquidity ratio: 10.00
Return on total capital [%]:
6.17
Balance sheet ratios 01.01.2009 - 31.12.2009
Equity ratio [%]: 12.16
Liquidity ratio:
1.18
Return on total capital [%]:
0.18
Balance sheet ratios 01.01.2008 - 31.12.2008
Equity ratio [%]: 35.71
Liquidity ratio: 10.00
Return on total capital [%]:
-0.29
The equity ratio indicates the portion of the equity as compared to the total
capital. The higher the equity ratio, the better the economic stability
(solvency) and thus the financial autonomy of a company.
The liquidity ratio shows the proportion between adjusted receivables
and net liabilities. The higher the ratio, the lower the company's financial
dependancy from external creditors.
The return on total capital shows the efficiency and return on the total
capital employed in the company. The higher the return on total capital, the
more economically does the company work with the invested capital.
Type of balance
sheet: Company balance sheet
Financial
year: 01.01.2011 - 31.12.2011
ASSETS EUR 1,545,685.73
Fixed assets EUR 7,862.97
Current assets EUR 1,536,822.76
Stocks EUR 128,592.73
Finished goods / work in progress EUR 128,592.73
Accounts receivable EUR 82,083.33
Liquid means EUR 1,326,146.70
Remaining other assets EUR 1,000.00
Accruals (assets) EUR 1,000.00
LIABILITIES EUR 1,545,685.73
Shareholders' equity EUR 272,022.49
Capital EUR 51,129.19
Subscribed capital (share capital) EUR 51,129.19
Balancing item / Comprehensive Income
(+/-) EUR -19,231.11
Balance sheet profit/loss (+/-) EUR 240,124.41
Profit / loss brought forward EUR 108,211.01
Annual surplus / annual deficit EUR 131,913.40
Provisions EUR 124,582.16
Liabilities EUR 1,149,081.08
Type of balance sheet: Company
balance sheet
Financial year: 01.01.2010 -
31.12.2010
ASSETS EUR 472,061.68
Fixed assets EUR 24,687.48
Current assets EUR 445,401.10
Accounts receivable EUR 168,088.28
Liquid means EUR 277,312.82
Remaining other assets EUR 1,973.10
Accruals (assets) EUR 1,973.10
LIABILITIES EUR 472,061.68
Shareholders' equity EUR 159,340.20
Capital EUR 51,129.19
Subscribed capital (share capital) EUR 51,129.19
Balance sheet profit/loss (+/-) EUR 108,211.01
Profit / loss brought forward EUR 79,070.87
Annual surplus / annual deficit EUR 29,140.14
Provisions EUR 21,266.50
Liabilities
EUR 291,454.98
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.39 |
|
|
1 |
Rs.102.06 |
|
Euro |
1 |
Rs.84.98 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to
overcome financial difficulties seems comparatively below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.